Abstract In the continuous battle to cut costs, firms focus on efficiency throughout the entire supply chain. Well-designed inventory management strategies are a crucial part of overall supply chain effectiveness. The days of large inventories is becoming a thing of the past. Unfortunately, companies using the Last In – First Out (LIFO) inventory accounting method may find that implementing inventory reduction best practices in the supply chain has some undesired results. This article includes a case study of a real-life industrial distributor who uses the Dollar Value LIFO accounting method. Using inventory stratification with data collected from 1978 to 2014, this study describes the potential burden experienced from reducing inventory levels when using LIFO and shows a path towards achieving the desired inventory management strategy. The impact on key financial metrics such as Cost of Goods Sold (COGS) and Gross Margins are shown. Existing and new companies can both learn from this company’s example when making inventory management decisions.

中文翻译：

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会计政策对库存管理策略有效性的影响

摘要 在不断削减成本的斗争中，企业关注整个供应链的效率。精心设计的库存管理策略是整体供应链效率的关键部分。大量库存的日子正在成为过去。不幸的是，使用后进先出 (LIFO) 库存核算方法的公司可能会发现，在供应链中实施减少库存的最佳实践会产生一些不良结果。本文包括使用美元价值 LIFO 会计方法的现实工业分销商的案例研究。本研究使用 1978 年至 2014 年收集的数据进行库存分层，描述了使用 LIFO 时降低库存水平所带来的潜在负担，并展示了实现所需库存管理策略的途径。显示了对关键财务指标的影响，例如销货成本 (COGS) 和毛利率。在做出库存管理决策时，现有公司和新公司都可以从这家公司的例子中学习。